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Surprise, Surprise – HTC Is Still Raking in the Dough

Steven Blum2011-07-06T13:48:51ZJul 6, 2011

Steven Blum
Steven Blum has written more than 2,000 blog posts as a founding member of AndroidPIT's English editorial team. A graduate of the University of Washington, Steven Blum also studied Journalism at George Washington University in Washington D.C. for two years. Since then, his writing has appeared in The Stranger, The Seattle P-I, Blackbook Magazine and Venture Villlage. He loves the HTC One and hopes the company behind it still exists in a few years.

HTC made a [insert-expletive]-ton of money this quarter. The company announced today that its second quarter net income totaled NT $17.5 billion ($608 million), more than double the amount the company made the year prior.

As far as overall revenue is concerned, it hit NT $124 billion ($4.3 billion) for the quarter, no doubt spurred along by strong sales of Thunderbolt, Sensation, and Desire HD. Stock holders may be worried about strong competition from Sammy but I have no doubts about the capabilities of this quietly awesome company.